Tenaga Nasional Berhad (OTCMKTS:TNABY) Sets New 52-Week High – Here’s Why

Tenaga Nasional Berhad (OTCMKTS:TNABY) shares hit a new 52-week high during trading on Thursday . The company traded as high as $15.60 and last traded at $15.60, with a volume of 252 shares traded. The stock had previously closed at $15.00.

Tenaga Nasional Berhad Price Performance

The firm has a market capitalization of $20.15 billion, a price-to-earnings ratio of 31.66 and a beta of -0.42. The business has a fifty day moving average price of $14.37 and a two-hundred day moving average price of $13.63.

Tenaga Nasional Berhad Company Profile

Tenaga Nasional Berhad (OTCMKTS: TNABY) is Malaysia’s largest integrated electricity utility, principally engaged in the generation, transmission, distribution and retail of electricity. The company operates a broad portfolio of power plants and manages the national grid infrastructure that delivers electricity to residential, commercial and industrial customers. Its operations encompass system planning, network operation and maintenance, meter services and customer supply functions typical of a vertically integrated utility.

TNB’s generation assets include thermal and hydroelectric facilities and the company has been expanding its participation in renewable energy and grid modernization initiatives.